“The UK Government should respect the spirit as well as the letter of the new law, and ensure it ends the Overseas Territories’ shameful role as safe havens for the proceeds of crime.

“Christian Aid and the many others that campaigned for this reform will be watching, mindful that the current UK Government and Overseas Territories fought hard for the status quo.”

The Lords’ vote today follows a sensational victory in the House of Commons on 1st May, when a cross-party alliance of MPs led by Margaret Hodge and Andrew Mitchell forced the UK Government to amend its Sanctions and Anti-Money Laundering Bill.

Mr Kirkland added: “Now that both Houses of Parliament have agreed to these measures, the UK Government should step up and provide much more support to the Overseas Territories, to help them in their transition towards transparency.”

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About Christian Aid

We have more than 70 years’ experience of working in partnership to support communities to thrive. We tackle the root causes of poverty so that women, men and children the world over are strengthened against future knocks. And if disasters happen, we get people the help they want straight away.